Predictions point to the Spanish fishing fleet continuing its negative trend in terms of fishing effort, landed weight and value in 2021, due to the COVID-19 pandemic, although an increase in the value of landings appears to be recorded in 2022. In terms of operating costs, predictions point to a decrease in 2021.
However, energy costs started an increasing trend in 2021 that has increased in 2022 due to the war in Ukraine.
As a result of all these factors, predictions indicate that the Spanish fleet maintained during 2021 a positive profitability, although lower than in 2020, and will continue to worsen in 2022, according to the 2022 Annual Economic Report on the EU Fishing Fleet, recently published by the JRC.
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The EU fishing sector is expected to struggle to maintain profits due to sharp increases in energy costs and inflation in 2022, which could result in the EU fishing fleet ending 2022 in a loss-making situation. The results of this report also show that the objectives of sustainable fisheries and energy transition are mutually reinforcing and necessary to ensure the long-term socio-economic viability of the EU fishing sector. In addition to forecasts for 2022, the report examines the year 2020, when the sector suffered the effects of the COVID-19 pandemic. The effects of rising fuel prices on operating costs, due to Russia’s military aggression on Ukraine, are also mentioned.
More information: European Commission
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